Clear Harbor Asset Management LLC raised its stake in shares of United Insurance Holdings Corp (NASDAQ:UIHC) by 20.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,264 shares of the insurance provider’s stock after purchasing an additional 4,232 shares during the period. Clear Harbor Asset Management LLC owned 0.06% of United Insurance worth $402,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in shares of United Insurance by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 252,654 shares of the insurance provider’s stock valued at $5,655,000 after purchasing an additional 7,618 shares during the last quarter. BlackRock Inc. increased its stake in shares of United Insurance by 7.4% in the 3rd quarter. BlackRock Inc. now owns 3,122,180 shares of the insurance provider’s stock valued at $69,875,000 after purchasing an additional 215,915 shares during the last quarter. Credit Suisse AG increased its stake in shares of United Insurance by 462.1% in the 3rd quarter. Credit Suisse AG now owns 132,606 shares of the insurance provider’s stock valued at $2,969,000 after purchasing an additional 109,013 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of United Insurance by 8.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,455,467 shares of the insurance provider’s stock valued at $32,572,000 after purchasing an additional 114,239 shares during the last quarter. Finally, MetLife Investment Advisors LLC increased its stake in shares of United Insurance by 62.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 14,099 shares of the insurance provider’s stock valued at $316,000 after purchasing an additional 5,445 shares during the last quarter. 35.80% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ UIHC opened at $16.38 on Friday. United Insurance Holdings Corp has a twelve month low of $15.16 and a twelve month high of $22.43. The firm has a market cap of $703.85 million, a P/E ratio of 43.11, a PEG ratio of 0.52 and a beta of 1.41.

United Insurance (NASDAQ:UIHC) last released its quarterly earnings data on Tuesday, February 19th. The insurance provider reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. United Insurance had a return on equity of 3.04% and a net margin of 0.04%. The company had revenue of $193.11 million for the quarter, compared to the consensus estimate of $185.94 million. Research analysts forecast that United Insurance Holdings Corp will post 1.54 earnings per share for the current year.

In other news, Director Michael Hogan acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The shares were bought at an average price of $16.14 per share, with a total value of $40,350.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alec Poitevint II acquired 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average cost of $15.86 per share, for a total transaction of $317,200.00. Following the acquisition, the director now owns 25,000 shares in the company, valued at $396,500. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 23,080 shares of company stock worth $366,743 and have sold 84,000 shares worth $1,363,280. Company insiders own 52.40% of the company’s stock.

Several equities analysts have recently issued reports on UIHC shares. Wells Fargo & Co reiterated a “buy” rating on shares of United Insurance in a research note on Tuesday, January 8th. ValuEngine lowered United Insurance from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. BidaskClub lowered United Insurance from a “buy” rating to a “hold” rating in a research note on Friday, January 11th. Finally, Zacks Investment Research lowered United Insurance from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.00.

COPYRIGHT VIOLATION NOTICE: “United Insurance Holdings Corp (UIHC) Holdings Boosted by Clear Harbor Asset Management LLC” was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://theolympiareport.com/2019/04/20/united-insurance-holdings-corp-uihc-holdings-boosted-by-clear-harbor-asset-management-llc.html.

United Insurance Profile

United Insurance Holdings Corp. operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners, as well as dwelling fire policies.

Featured Story: How is a buy-side analyst different from a sell-side analyst?

Institutional Ownership by Quarter for United Insurance (NASDAQ:UIHC)

Receive News & Ratings for United Insurance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Insurance and related companies with MarketBeat.com's FREE daily email newsletter.